Ramaphosa backs Gordhan as state capture rumours point finger at the Guptas

Deputy President Cyril Ramaphosa has recently come out in support of Finance Minister Pravin Gordhan in what is seen as a surprise move in recent developments surrounding state capture allegations.

Gordhan is set to appear in court in November after the National Prosecuting Authority (NPA) laid a fraud charge against him in relation to his tenure as SARS (South African Revenue Services) Commissioner.

The charge against Gordhan caused a tailspin in the markets, fuelling speculation of a plot to discredit him after his refusal to be amenable to requests by the Gutpa family, who have personal and business links to President Jacob Zuma.

702's John Robbie spoke to EWN and Rapport reporters, Stephen Grootes and Pieter-Louis Myburgh, in an effort to make sense of the conundrum.

Listen to the interview below:

He [Zuma] could to take out Gordhan but it would mean there would be huge issues in Cabinet, Cabinet disunity and divisions.

Stephen Grootes, EWN senior reporter

Meanwhile, an affidavit written by Gordhan has revealed multi-billion rand transactions by the Gutpas which he reported to the Financial Intelligence Centre (FIC).

It seems that there's already a concluded transaction from the Optimum Mine Rehabilitation Fund.

Pieter-Louis Myburgh, Rapport journalist
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